AI-driven financial services must also champion fraud prevention, FCA warns
Cybersecurity must develop in tandem with AI, the regulator’s chief executive said this week.
Cybersecurity must develop in tandem with AI, the regulator’s chief executive said this week.
Investigations have been carried out at sites in East London, Leeds, Exeter, Sheffield and Nottingham.
Dixon intends to “ensure fast and secure payments” and bolster Allied’s information security practices.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Jana has gone live with the solution in an effort to streamline and automate its operational processes.
Lloyds Bank, NatWest, Monzo and TSB are some of the UK banks partnering with Mastercard for its latest offering.
Tencent Cloud will deploy its database management system TDSQL, to help the bank manage data efficiently.
The deal marks Corlytics’ second acquisition of the year after buying ING SparQ in January 2023.
The central bank says it took the decision due to “serious, systematic and multiple violations of legal acts”.
The company says the funding has fueled the growth of its Fintech Fraud DAO consortium, launched last fall.
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Socure has integrated Berbix’s tech to launch its new predictive document verification solution, DocV 3.0.
Novobanco will deploy Feedzai’s Digital Trust (DT) and Transaction Fraud for Banking (TFB) solutions.
The transaction is expected to close soon following customary regulatory approvals.
Google Cloud claims its AML AI solution helps increase risk detection and lower operational cost.
To facilitate its expansion, the start-up has submitted licence applications in multiple European countries.
Stephen Ingledew is chairman of FinTech Scotland and Alex Marsh is the former head of Klarna UK.
Loqate’s Justin Duling discusses how the firm’s address verification solution helps customers boost conversion rates.
The acquisition will enable Compass to become a consumer credit operator in the Swiss market.
Blackbird.AI helps organisations detect and respond to threats that can cause reputational and financial harm.
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The transaction, subject to regulatory approvals, is expected to close within six to nine months.
Explore thousands of open roles on the FinTech Futures Job Board today.
Consilient, a US-based regtech, aims “to transform how the industry prevents financial crime”.
Ribbit CEO Greg Rable says bringing together the two companies is a “win-win” for both customers and Ribbit.
Explore thousands of open roles on the FinTech Futures Job Board today.
With the funding, Teylor plans to facilitate its growth and enable it to meet the financing needs of SMEs.
CreditX will enable Sathapana Bank to build “high quality” credit risk scorecards and accelerate client onboarding.
Together, these credit unions serve 747,388 members and represent $20 billion in assets.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Paydock claims its platform “substantially” reduces costs, risks and efforts in a merchant’s payment experience.
Anna Bjurefeldt joins Trustly as head of internal audit and Mia Bjurkell as director of risk and compliance.
Intapp says the acquisition will augment its risk management and compliance offering.
D One’s approach opens credit to those with limited credit histories and supports responsible lending.
The bank will adopt Resistant AI’s Transaction Forensics solution to help detect suspicious transactions.
The bank will utilise NetGuardians’ financial crime solutions to tackle growing issues such as APP fraud.
The funding will be used to advance Axoni’s technology and support its global expansion plans.
Onkar Inamdar joins as head of engineering and Syam Chintapenta as chief development officer.
Michigan’s First Community Bank, Florida’s Sunrise Bank, and Arkansas’ Today’s Bank have selected Jack Henry’s tech.
MiCA will ensure crypto transfers can be traced and suspicious transactions blocked.